How To Cancel A Service Agreement's Budget

Warning:

You don't have to do the tasks outlined below if you use the Account - Budget panel. This panel does these tasks for you.

Canceling a service agreement's budget involves the following steps:

Update the service agreement to indicate the service agreement is no longer on a budget.
Issue an adjustment to make the service agreement's current balance equal the payoff balance.

Note:

Credit and collections (C&C). You can change the arrears date on the adjustment that synchronizes current and payoff balance to reflect the true age of the debt. You do this on the financial transaction associated with the adjustment. If you do this, C&C will monitor the old debt accordingly.